Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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SK Innovation given green light to sell Brazil venture
The Brazilian government approved the sale of SK Innovation’s Brazilian subsidiary to Denmark’s Maersk Oil, the Korean refiner announced Wednesday.The deal, which the company plans to close within one month, was first signed with the Danish firm in December and will see SK Innovation handing over its Brazilian subsidiary, SK do Brasil, to Maersk Oil for $2.4 billion.SK do Brasil was established in
IndustryJuly 13, 2011
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VMware moves closer to customers with new solutions
At the top of VMware’s priorities for Korea, a nation becoming actively engaged in cloud computing, are plans for buttressing the firm’s localization initiative and moving closer to the business of its customers.“We need to get closer to the business of our customers and need to move up much closer, more to the consulting at the business level and become more vertically aligned so that our solutio
TechnologyJuly 13, 2011
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OPEC sees slower growth in 2012 oil demand
IndustryJuly 13, 2011
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China’s economic growth slows to 9.5%
China’s economy grew at a slower pace last quarter, a moderation that may ease inflation pressures in the world’s second-biggest economy. Gross domestic product expanded 9.5 percent from a year earlier, the statistics bureau said in Beijing Wednesday, after a 9.7 percent gain in the first quarter. That compared with the median 9.3 percent estimate in a Bloomberg News survey of 18 economists. Indus
IndustryJuly 13, 2011
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IMF urges Italy to take ‘decisive’ action on deficit
WASHINGTON (AFP) ― The International Monetary Fund urged Rome to be decisive on cutting its deficit Tuesday as investors dumped Italian bonds and the country’s leaders rushed to pass a massive austerity plan.Amid worries that Italy could follow Greece and Portugal into a financial maelstrom and require a bailout, the IMF praised Italy’s reform program that has already cut its current deficit to 4.
IndustryJuly 13, 2011
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Chinese secure first top post at IMF
IndustryJuly 13, 2011
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Scientists grow first stem cell tooth
TechnologyJuly 13, 2011
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Number of smartphone users tops 15 mln in S. Korea
SEOUL, July 13 (Yonhap) -- The number of smartphone subscribers in South Korea hit 15 million this week, according to data from the country's three mobile operators released Wednesday. South Korean smartphone subscribers numbered 15.35 million as of Monday, including 7.8 million users at the industry leader SK Telecom Co., 5.45 million at KT Corp. and 2.1 million at LG Uplus Corp., the mobile carr
TechnologyJuly 13, 2011
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Half of Americans watch videos during work
About half of American adults watch online videos unrelated to work while on the job, a U.S. survey showed. Men watch twice as often as women.The study showed that 25 percent watch news clips and 15 percent view viral videos. Other popular choices were sports (11 percent) and television shows (9 percent). Some are bold enough to view full-length feature films (4 percent) and even pornography (3 p
TechnologyJuly 13, 2011
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Secondhand smoking linked to behavioral disorders in children
A new research revealed that children from households with smokers are more likely to develop behavioral disorders and learning problems than those from smoke-free homes.The findings were released in the journal “Pediatrics.”It was traditionally thought that secondhand smoke causes health problems for children including respiratory difficulties. A woman lights a cigarette for a photograph in New Y
TechnologyJuly 13, 2011
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S. Korea's jobless rate falls to 3.3 pct in June
South Korea's jobless rate declined in June from a year earlier as the nation added more jobs, helped by robust exports and expanded industrial output, a government report showed Wednesday.The jobless rate stood at 3.3 percent last month, down from 3.5 percent a year earlier, according to the report by Statistics Korea. It was, however, slightly higher than 3.2 percent in May.Job creation appears
July 13, 2011
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Stocks dragged down by EU debt woes
Seoul stocks tumbled 2.2 percent Tuesday, stretching losses for a third day on worsening euro zone debt crisis and disappointing U.S. market performance overnight.The benchmark KOSPI slipped 2.2 percent to close at 2,109.73. KOSDAQ lost 1.55 percent and closed at 490.63.“This week, in large, is an adjustment period digesting the euro zone contagion fear as well as the weak unemployment data in the
July 12, 2011
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Korea unveils action plans to cut emissions
Government aims to slash transportation emissions to 34 percent below projected levelsKorea outlined action plans to tackle climate change on Tuesday, breaking down reduction targets for high-emitting sectors in the medium term.The pan-governmental plan was devised to put the country’s low-carbon, green growth initiatives in motion, which President Lee Myung-bak launched in 2009 with a goal of cut
IndustryJuly 12, 2011
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Samsung to unveil report on alleged leukemia link
Samsung Electronics on Thursday will unveil the results of a reexamination conducted by a U.S.-based consultancy on a recent court ruling that regarded leukemia as an industrial accident that occurred at a Samsung factory. Environ, a consultancy specializing in environmental and health issues, will be introducing the results of the review at Samsung’s Giheung semiconductor plant and respond to que
IndustryJuly 12, 2011
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CEVA Logistics sees Korea as its fastest growing market
CEO says ‘Intelligent companies’ will pay attention to logistics industryJohn Pattullo, CEO of CEVA Logistics, described his company a “truly international combination.”“Our head office is registered in the U.K., while the company is owned by an American private equity. And the name is Italian,” the Scotsman told The Korea Herald.CEVA Logistics was established in August 2007, from the merger of TN
IndustryJuly 12, 2011
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Business boost as shoppers try to beat wet, hot weather
Businesses are enjoying increased demand for rainy-season items such as rubber boots, umbrellas and dehumidifiers, since the nation entered the seasonal rainy spell last month. Over the past month, E-Mart, South Korea’s largest retailer, saw a surge in sales of umbrellas and rubber boots of 125 percent and 107 percent, respectively. Customers pick out dehumidifying agents and deodorants at a supe
IndustryJuly 12, 2011
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Nonghyup, ministry at odds over restructuring fund
Cooperative is in process of drastic restructuring to spin off financial operation into separate unitThe capital owned by South Korea’s state-run National Agricultural Cooperative Federation, or Nonghyup, stood at 16.1 trillion won ($15.22 billion) as of May, sparking fresh debate about how much the government should fork out to help it split up its units smoothly.Nonghyup is now drawing up a dras
July 12, 2011
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Hyundai-Kia 4th-largest global carmaker in 2010
Korea’s Hyundai Motor Co. and its sister company Kia Motors Corp. emerged as the world’s fourth-largest carmaker in 2010 on solid sales in the United States and China, a Japanese market researcher said Tuesday.Their combined output just surpassed 6.60 million units last year, up 23.6 percent from 5.34 million cars a year earlier, according to Fourin Inc. Hyundai and Kia are the flagship companies
IndustryJuly 12, 2011
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Korea’s H1 pork, beef imports soar on FMD
Korea’s imports of pork and beef surged in the first half of the year from a year earlier due to the spread of foot-and-mouth disease that led to the culling of millions of animals here, a state agency said Tuesday.South Korea imported 219,681 tons of pork in the January-June period, up 120 percent from 99,899 tons a year earlier, according to the Animal, Plant and Fisheries Quarantine and Inspect
July 12, 2011
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Korea, Colombia to resume free trade talks next month
Minister sees completion of negotiations by year endNegotiations for a free trade agreement between Korea and Colombia could be concluded as early as December, Colombian Minister of Trade, Industry and Tourism Sergio Diaz-Granados said on Tuesday.“Working-level officials will hold a round of negotiations in late August, and it was agreed that we will try to finish the negotiations by the end of th
July 12, 2011